After Tamil Nadu industries minister TRB Rajaa announced that Foxconn will make an investment of ₹15,000 crore in the state, the Taiwanese contract electronics giant dismissed the claims. Moreover, Rajaa had also declared Foxconn's plans to generate 14,000 high-value engineering jobs in Tamil Nadu.
In response to a query by The Times of India, the company reportedly said, "Foxconn's newly appointed India representative, Robert Wu, had an exchange with the Tamil Nadu chief minister's office and his team. During the meeting, no new investments were discussed."
Previously, Rajaa had described the job commitment as the “largest ever engineering jobs commitment for Tamil Nadu” and went on to say that Foxconn’s investment will focus on value-added manufacturing, research and development integration, and AI-led advanced technology operations.
However, following Foxconn's denial, Rajaa said that "these investments were firmed up after a year-long struggle". A senior official from the minister's team told NDTV that Foxconn does not view this as a new investment since discussions have been ongoing for over a year. NDTV sources indicated that the Taiwanese giant is "under pressure from a US tech company amid tariff concerns," explaining its cautious wording.
Sources also indicated that the Taiwanese electronics giant is "under pressure from a US tech company amid tariff concerns," possibly explaining its cautious wording.
Notably, Foxconn has already made strides in expanding its footprint in India. In August 2025, it started production of the iPhone 17 at its Devanahalli facility near Bengaluru, its second-largest plant outside China.
Following Rajaa's announcement, CM MK Stalin pledged support to the state and cited the move as a step in transforming Tamil Nadu into a strategic hub for global supply chains, innovation, and high-tech engineering.
This investment reinforces Foxconn’s broader strategy to deepen its presence across Indian states, including Tamil Nadu, Karnataka, and Telangana, as the company shifts from China-centric operations toward India as a core manufacturing base.
[Update (15 October 2025, 2:00 pm): The story has been updated to include comments from Foxconn's Robert Wu denying the ₹15,000 crore investment.]
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